Djed alliance takes stablecoin industry to new heights with latest deployment on Cardano sidechain

What's behind ADA's current bullish momentum?


Share link:


  • The Djed stablecoin protocol has made a new deployment on the EVM-compatible sidechain with Cardano.
  • The Cardano team has been working on various developments within the ecosystem.
  • Cardano has experienced a bearish sentiment in the last 24 hours.

The guardians of the Djed stablecoin protocol, known as the Djed Alliance, have unveiled a new deployment of their renowned protocol on Milkomeda-C1, which happens to be the EVM-compatible sidechain with the highly acclaimed Cardano (ADA) blockchain. This latest development will revolutionize and take the stablecoin industry to new heights.

The Djed stablecoin protocol is about to make waves once again with its third deployment—and this time, it’s making a groundbreaking move onto Solidity, the primary programming language for Ethereum smart contracts. This opens up a whole new realm of possibilities for the Djed stablecoin and paves the way for its expansion onto multiple EVM-compatible blockchains shortly.

ADA users eagerly anticipate the launch of Dead Pxlz, a Non-Fungible Token (NFT) game that will take the Cardano blockchain network by storm. This exciting development has captured the attention of many, as they eagerly await the opportunity to dive into this new and innovative world.

According to a tweet from Paima Studios, the upcoming PXL Wars game will be produced using their Paima Engine. The studio has stated that Dead Pxlz, the developers behind the game, will be utilizing this engine to bring their vision to life. The Paima Engine is a powerful game engine that enables developers to create stunning graphics and immersive gameplay experiences.

Recently, the Cardano team released its latest weekly update, spotlighting the dynamic developments occurring within the ecosystem. Among these, the Hydra team delved into the feasibility of integrating Hydra support into Kupo.

Additionally, the team dedicated their efforts to addressing the issue of state machine continuity on-chain while simultaneously exploring potential projects relating to voting mechanisms. To prepare for the upcoming 0.10.0 release, the team thoroughly updated critical dependencies and rectified any issues identified during the testing phase.

In the last 24 hours, Cardano has been trading in a bearish sentiment with a price decrease of 0.12%, and it’s currently exchanging hands at $0.4027.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

Share link:

Mutuma Maxwell

Maxwell especially enjoys penning pieces about blockchain and cryptocurrency. He started his venture into blogging in 2020, later focusing on the world of cryptocurrencies. His life's work is to introduce the concept of decentralization to people worldwide.

Most read

Loading Most Read articles...

Stay on top of crypto news, get daily updates in your inbox

Related News

Subscribe to CryptoPolitan